Phase change materials (PCMs) can store and release large amounts of heat energy as they change phase between solid and liquid states. There are three main types of thermal energy storage: sensible heat, latent heat, and thermochemical heat. Latent heat storage uses PCMs, which absorb or release heat during phase changes without changing temperature. Common PCMs include salt hydrates, paraffin waxes, and fatty acids. PCMs can be encapsulated in small spheres or other shapes to improve heat transfer properties and prevent leakage. Encapsulated PCMs have applications in building insulation, solar energy storage, textiles, and more.